Category: Finance

Finance
2017 January Tax Time

If you live in the United States and watch television, you are undoubtedly aware that every January, right before the New Year, the Holiday Season advertising tapers off and the Tax Season advertising begins. From around December 30th to Ap…

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Finance
2016 December Reversing the Trend

There has been a recent push by federal, state and local legislators to get reverse mortgages or Home Equity Conversion Mortgages (HECM) approved for residential cooperatives. The federal Department of Housing and Urban Development (HUD) h…

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Finance
2016 December Sharing Staff

As just about every mother tells her child, it’s important to share with others. The same can be true when it comes to condos and homeowners associations — especially for smaller buildings that may be doing everything they can to control co…

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Finance
Financing Investor-Held Condominium Units

Like single-family homes, condominium units tend to be owner-occupied. Financing for these units therefore tends to follow traditional guidelines and requirements centered on owner occupancy. But what happens when a condo unit is held as …

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Finance
Don't Cut Cost Corners

Small co-ops and condos face a special set of challenges relative to controlling expenses. The building has to be heated, the real estate taxes paid, and the halls cleaned. Unlike in larger buildings, the cost isn’t shared by dozens or pe…

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